Business Topics

Jul 29, 2015

Retail sales fall for first time in three months

Retail sales nationwide declined for the first time in three months in June, sapping an economy that analysts say struggled last quarter amid sluggish exports and production. Sales slid 0.8 percent from May, when they gained 1.7 percent, government data released on Wednesday show. ...

'Surreptitious' Grexit plan not so secret after Varoufakis slip

Jul 28, 2015

'Surreptitious' Grexit plan not so secret after Varoufakis slip

Yanis Varoufakis divulged the details on how Greece could sneak out of the euro “without telling anyone” in a conference call released Monday. With a plan to secretly append a new bank account to each citizen or company’s tax number, Greek officials war-gamed the ...

Retailers benefiting from fierce heat

Jul 27, 2015

Retailers benefiting from fierce heat

The recent string of extremely hot days, with temperatures topping 35 degrees in many locations, has boosted sales of summer goods, including sunscreen and frozen treats. Knowing a good thing when they see it, many retailers have switched their focus to summer hot-sellers. Drugstore ...

Jul 27, 2015

June services producer prices rise 0.4%

Japan’s services producer prices rose 0.4 percent in June from a year before — up for the 24th consecutive month, the central bank said Monday. The services producer price index, which measures the costs of services to corporate clients, stood at 102.9, against 100 ...

Jul 27, 2015

Japan's economy shrank last quarter, top forecaster says


The Japanese economy likely contracted last quarter, dragged down by weak consumer spending and a slump in exports, according to a top forecaster. The world’s third-biggest economy may have shrank as much as an annualized 2.5 percent, said Yoshiki Shinke of Dai-ichi Life Research ...

TPP talks to resume Tuesday, perhaps for final time

Jul 26, 2015

TPP talks to resume Tuesday, perhaps for final time

Negotiators from the U.S., Japan and 10 other Pacific Rim countries could put the finishing touches on the most ambitious trade and investment deal in decades when they meet this week in Hawaii. By most accounts, TPP negotiators have narrowed their focus to a ...

Jul 25, 2015

WTO agrees to cut some tariffs on IT products

Major economies including Japan, the United States and China have agreed to eliminate their tariffs on 201 information technology products. The deal, reached at a meeting in Geneva on Friday of World Trade Organization members participating in the Information Technology Agreement, is expected to ...

TPP would raise growth, incomes in Japan,  IMF economist forecasts

Jul 24, 2015

TPP would raise growth, incomes in Japan, IMF economist forecasts

A Pacific free trade pact would give a big boost to Japan’s economic growth and individual incomes, according to an International Monetary Fund economist. “It could be annually between 0.2 to 0.3 percent (percentage point) per year as an additional impact on growth,” Luc ...

Jul 23, 2015

Japan, U.S. eye tariff 'snapbacks' in TPP auto talks

Japan and the United States are negotiating a bilateral scheme to counter vehicle trade pact violations with tariff hikes under the planned Trans-Pacific Partnership free trade agreement, according to sources. Under the “snapback” scheme, the United States would restore tariffs on vehicle imports from ...